Coronavirus impact: 8 July - Boohoo shares continue to tumble, more resilience elsewhere
Despite announcing an independent review of its UK supply chain, shares in Boohoo Group continued to tumble as several leading retailers withdraw its products
Boohoo: launches an independent review but the shares keep fallingIn response to allegations made in the Sunday Times of diabolical working conditions at a Leicester based garment supplier, Boohoo Group (LON:BOO) has launched an immediate independent review of its UK supply chain, led by Alison Levitt QC. The Sunday Times reported that workers at one factory in Leicester, were being paid as little as £3.50 an hour to make clothes, apparently destined for Boohoo, well below the UK minimum hourly wage of £8.72. It is also making an initial commitment to invest an incremental £10m to eradicate supply chain malpractice and accelerating its…